Markets

Godawari Power And Ispat Limited recognized in 2025 Burgundy Private Hurun India 500 List Godawari Power and Ispat Limited (GPIL) has been included in the prestigious 2025 Burgundy Private Hurun India 500 list. This definitive ranking recognizes India's 500 most valuable companies, highlighting GPIL's commitment to innovation and its role in shaping India's economic landscape.The 2025 Burgundy Private Hurun India 500 list is a collaborative effort between Axis Bank's Burgundy Private and Hurun India. The ranking serves as a benchmark for corporate success within the Indian economy, placing GPIL among elite companies driving India's growth and dynamism.This achievement reflects GPIL’s commitment to excellence and innovation in its...

Asian Hotels Sets Board Meeting to Discuss Q4 Financial Results and Dividend Recommendation Asian Hotels (East) Ltd announced plans for an upcoming Board meeting where it will consider and approve the audited financial results for the fourth quarter and the financial year ended March 31, 2026. The company also provided updates regarding its trading window closures in relation to both past performance and future Q1 unaudited results.The management informed that a meeting of the Board of Directors is scheduled for Thursday, July 9, 2026. Key items on the agenda include considering and approving the audited standalone and consolidated financial results for Quarter 4 (Q4) and the financial year concluded on March 31, 2026, alongside the...

Cholamandalam Allots Unsecured Subordinated Non-Convertible Securities Through Private Placement Cholamandalam Investment and Finance Company Ltd has announced the allotment of unsecured subordinated non-convertible securities through a private placement offering, totaling 2000 crs. The issuance is set to be listed in the WDMSegment of the NSE.The company allotted a total of 200,000 securities for an amount of 2000 crs. This figure includes 1400 crs allocated towards the green shoe component of the issue.These securities carry an annual coupon rate of 8.88% and are structured to mature in seven years. The interest payments are scheduled annually, with additional payment due upon maturity on June 25, 2033.Details regarding the...

Neueon Corporation Reclassifies Promoter Status as Stock Exchange Approves Change Neueon Corporation Limited has completed the reclassification of several members of its erstwhile Promoters, moving them into the public category. This change follows approval secured from both the BSE and NSE regarding their status under the Approved Resolution Plan sanctioned by the Hon'ble NCLT order dated October 23, 2024.The company confirmed that nine entities or individuals previously categorized as promoters have been reclassified. These members held a combined total of 2,05,29,443 shares, representing 3.62% of the stockholding prior to the reclassification event.The companies and individuals whose status was reclassified include:Sr...

Wol 3D India Limited Board Decides to Reconvene on Fund-Raising Proposals Wol 3D India Limited, formerly known as Wol 3D India Private Limited, has announced that its Board of Directors will reconvene in July 2026 to further deliberate upon ongoing fund-raising proposals.The company held a board meeting on June 25, 2026, where the primary business item reviewed was the potential for fundraising. In view of continuing discussions with prospective investors, the Board determined that it is necessary to reconvene at a later date to conduct further deliberations regarding these funding prospects.Following the decision, Wol 3D India Limited has scheduled the next board meeting for around the third week of July 2026. The specific date for...

Fractal Analytics Schedules Board Meeting to Review Q1 Financial Results; Imposes Insider Trading Closure Fractal Analytics Limited has scheduled a Board of Directors meeting to review and approve its unaudited financial results for the quarter ending June 30, 2026. The company also announced a specific window during which insider trading will be closed for designated persons and their immediate relatives.The meeting of the Board of Directors is set for Thursday, July 23, 2026. During this meeting, the company intends to consider and approve both its unaudited standalone and consolidated financial results pertaining to the period ending June 30, 2026.Following the Board Meeting, Fractal Analytics Limited will submit the outcomes of...

Deep Health AI Acquires 6.37% Stake in Engineering Firm Leapfrog Engineering Services Ltd Deep Health AI India Ltd has completed the acquisition of a stake in Leapfrog Engineering Services Ltd., bolstering its investments in the industrial and engineering sector. The company acquired 06.37% of the paid-up equity share capital of Leapfrog, paying consideration entirely in cash.The transaction was finalized on June 24, 2026. Deep Health AI invested a total of INR 19,92,01,800/- to acquire 90,30,000 equity shares of Leapfrog Engineering Services Ltd. This acquisition was noted as a Routine Investment Purpose for the company.Leapfrog Engineering Services Ltd. (LESL) is an integrated engineering services company that specializes in...

TANFAC Industries Ltd. Funds Issue Closure and Approves Allocation of Equity Shares to QIBs TANFAC Industries Ltd. has announced the outcome of its Fund-Raising Committee meeting, confirming the closure of a recent issue following receipt of applications and funds from eligible qualified institutional buyers (QIBs).The Committee formally approved the completion of the issue on June 25, having received necessary application forms and corresponding funds into the escrow account from the qualified institutional investors. This action marks the finalization of the placement process with QIBs.A key outcome of the meeting was the approval of the equity share allocation details for the Qualified Institutional Buyers (QIBs). The committee...

KFin Technologies Announces Board Meeting to Approve Q1 Financial ResultsKFin Technologies Ltd has scheduled a Board of Directors meeting to review and approve the company's unaudited financial results for the quarter ending June 30, 2026.The meeting is set to take place on Friday, July 24, 2026. The agenda includes the consideration and approval of both the standalone and consolidated unaudited financial results.In addition to the board review, KFin Technologies provided details regarding trading restrictions for Designated Persons. The company announced that the trading window for all Designated Persons and their immediate relatives concerning the equity shares will open 48 hours following the declaration of the financial...

Zydus Lifesciences Partners with Sunshine Healthcare to Establish Pharmaceutical Manufacturing in Sri Lanka Zydus Lifesciences Limited has entered into a strategic partnership with Sunshine Healthcare Lanka Limited to establish a pharmaceutical manufacturing joint venture in Sri Lanka. The collaboration aims to strengthen local production and reduce import dependence for high-quality medicines in the regional market.The company is subscribing 50% of the total paid up equity share capital in Zydus Sunshine Lifesciences (Private) Limited, which will operate as a 50:50 joint venture between Zydus and Sunshine Healthcare.This initiative sees Zydus establishing a state-of-the-art manufacturing facility within Sri Lanka's healthcare...

Godrej Industries Limited makes further investment in wholly owned subsidiary, Godrej Investment Limited Godrej Industries Limited has completed a further investment into its wholly owned subsidiary, Godrej Investment Limited (GIVL). The transaction involved cash consideration and is structured at arm’s length.The company confirmed that the entire acquisition was within the limits approved by shareholders for making investments in GIVL under Section 186 of the Companies Act, 2013.Godrej Investment Limited operates as an Unregistered Core Investment Company. As a wholly owned subsidiary, GIVL holds Equity Shares of Godrej Capital Limited and Godrej Wealth & Asset Management Limited.The total consideration for this further...

HCL Technologies Acquires 10.46% Stake in Sarvam AI with Rs 1,427.25 Crore Investment HCL Technologies Limited has completed a significant investment into Axonwise Private Limited, operating as Sarvam AI, acquiring a 10.46% stake in the company. The transaction was finalized on June 25, 2026.The company invested Rs 1,427.25 crores in Sarvam AI to secure this acquisition stake. This investment involved subscribing to 41,421 Series B2 Compulsory Convertible Preference Shares (Series B2 CCPS) of Sarvam AI. The allotment of these shares occurred on June 25, 2026, completing the acquisition.The Series B2 CCPS are designed to be converted into equity shares at a later date, providing further flexibility for HCL Technologies Limited as...

BCC Fuba India Completes Conversion of Partly Paid-Up Shares; Fully Paid Equity Available for Trading from June 29, 2026 BCC Fuba India Ltd has successfully completed the necessary corporate actions related to the conversion of partly paid-up equity shares into fully paid-up equity shares. The company announced that 44,32,220 fully paid-up equity shares are available for credit to the demat accounts of eligible shareholders.The conversion followed an earlier board approval regarding the change from partly paid-up status upon the receipt of First and Final Call money. BCC Fuba India confirmed that it has received all necessary approvals.The key details of the share conversion and listing are as follows:DetailValueNumber of...

GMR Airports' Subsidiary Commences Operations at Nagpur Airport Under Concession Agreement GMR Airports Limited, through its wholly-owned subsidiary GMR Nagpur International Airport Limited (GNIAL), has commenced operations at Dr. Babasaheb Ambedkar International Airport in Nagpur. The operation takeover occurred on June 25, 2026.The commencement follows the execution of agreements concerning the handover of the airport assets and operations between GNIAL and MIHAN India Limited. This agreement was executed in the presence of dignitaries from the Government of India and the State of Maharashtra.This milestone is achieved under the framework of the Concession agreement that exists with MIHAN India Limited. The purpose of this...

Smartworks to Acquire Workstudio Spaces, Targeting Double Footprint Growth in Singapore Market Gurugram, June 25, 2026 - Smartworks Coworking Spaces Limited (Smartworks), India's largest managed office platform by total area under management, announced plans to acquire Workstudio Spaces Pte. Ltd., a Singapore-based flexible workspace provider. The proposed transaction involves the acquisition of Workstudio through Smartworks Space Pte. Ltd., a wholly owned subsidiary.The acquisition is expected to take place in July 2026 and is planned using funds available with the Subsidiary, reflecting a commitment to competitively valued, strategically aligned transactions.Upon completion of the acquisition, Smartworks' portfolio in Singapore is...

RBI Mandates State Borrowing Clarity as Total Quantum Reaches ₹3.18 Lakh Crore for Q3 FY26-27 The Reserve Bank of India (RBI) has released an Indicative Calendar detailing the market borrowings schedule for various State Governments and Union Territories for the quarter spanning July to September 2026. This release underscores the RBI’s commitment to enhancing financial transparency and providing investors with a clear view of upcoming state debt issuances.Enhanced Transparency via Benchmark Issuance Strategy The RBI has progressively rolled out the Benchmark Issuance Strategy (BIS) to standardize market borrowings, aiming to give greater clarity to the investment community. The initial pilot of BIS in Q1: FY 2026-27 involved nine...

India Surges in Green Economy as $110 Billion Revenue Positions it Among Asia's Fastest Climbers The Indian market is witnessing a significant shift toward sustainable enterprise, with green revenues generating impressive momentum for the nation. According to LSEG’s Investing in the Green Economy 2026 report, India generated $110 billion in green revenues in 2025. This remarkable figure establishes India as one of Asia's quickest-rising green economies, despite its relative size compared to regional powerhouses.India Leads Key Niche Segments in Sustainable Production The LSEG report highlights that India’s green revenue growth is outpacing both global and regional averages over a five-year period. While the global market saw a 10...

United Heat Transfer Secures Rs 2.47 Crore Working Capital Loan Facility from Saraswat Co-operative Bank Limited United Heat Transfer Limited (UHTL) has secured a working capital loan facility of Rs 2.47 Crore from Saraswat Co-operative Bank Limited. The deal, executed on June 24, 2026, involves the hypothecation of UHTL's movable and fixed assets to secure the term loan facility.The working capital facility is secured by the company’s current assets, which include stock and book debts, as well as plant and machinery. The assets are located across multiple sites in Nashik and Talegaon, Maharashtra.As part of the agreement terms, UHTL will benefit from a structured loan repayment plan. The details of the financial arrangement with...

Sinclairs Hotels Cancels Udaipur Operation Amid Financial Performance Review; Focus Shifts to West Bengal Expansion Sinclairs Hotels Limited has announced the closure of its operations at the Sinclairs Udaipur property. The company decided to cancel the lease for the location, effective from June 30, 2026. This strategic decision comes after a review of the unit’s financial performance, as the Udaipur property was reportedly incurring continuous losses that had negatively affected the company's overall profitability.In response to the evolving business environment and market assessment, Sinclairs Hotels is recalibrating its operational focus toward West Bengal. The brand maintains strong recognition and goodwill in the region. The...

Customs Appeal Status: UNO Minda Limited Receives Order from Appeals Commissioner UNO Minda Limited has received a new order from the Commissioner of Customs (Appeals-II) concerning a dispute over the misclassification of HSN on imported goods, stating that its previous appeal had not been considered by the appellate authority. The Company confirmed the receipt of the ruling and indicated plans to contest the matter.The customs dispute originated from an initial order regarding the import classification. This original determination led to demands for differential duty amounting to Rs. 42,97,510/- (which was deposited), interest as applicable under section 28AA of the Customs Act, 1962, a penalty of Rs. 42,97,510/-, and a redemption...